SYD 2.35% $5.83 sydney airport

News: SYD Sydney Airport Holdings declines to develop city's 2nd major airport

  1. 106,046 Posts.
    lightbulb Created with Sketch. 1101

    SYDNEY, May 2 (Reuters) - Sydney Airport Holdings Ltd (SYD) on Tuesday said it would not take up its rights to develop a A$5 billion ($3.76 billion) second major airport in the city's west, meaning it could lose its monopoly status within a decade.

    The decision clears the way for the Australian government to build the airport expected to open in late 2026 itself, as is widely expected, or to offer the development to other groups, such as pension funds and infrastructure funds.

    Sydney Airport Chief Executive Kerrie Mather said in a statement that it was in the best interest of investors for her company to decline the option to develop the airport based on the proposed terms, which did not include any government aid. ($1 = 1.3287 Australian dollars)

watchlist Created with Sketch. Add SYD (ASX) to my watchlist
(20min delay)
Mkt cap ! $16.11B
Open High Low Value Volume
$5.90 $5.91 $5.82 $3.819M 650.0K

Buyers (Bids)

No. Vol. Price($)
8 8564 $5.83

Sellers (Offers)

Price($) Vol. No.
$5.84 23232 18
View Market Depth
Last trade - 10.25am 30/09/2020 (20 minute delay) ?
-0.140 ( 2.20 %)
Open High Low Volume
$5.90 $5.90 $5.83 332114
Last updated 10.44am 30/09/2020 (live) ?
SYD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.